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Step-by-Step Guide to Buying Property in Dubai as a Foreigner
Dubai is one of the most welcoming cities in the world when it comes to foreign property ownership. Whether you’re an investor or planning to relocate, the process is more accessible than ever. Here’s a concise step-by-step guide to buying
property in Dubai as a foreigner:
1. Understand Ownership Rules
Foreigners are allowed to own freehold properties in designated areas such as Downtown Dubai, Dubai Marina, Business Bay, JVC, and Palm Jumeirah. Freehold ownership means you own the property outright and can sell, lease, or pass it on as inheritance.
2. Set a Budget and Secure Financing
Define your budget, including additional costs such as:
- 4% Dubai Land Department (DLD) registration fee
- Agency commission (typically 2%)
- Property valuation fee (if financing)
- Maintenance and service charges
If you need a mortgage, most UAE banks offer loans to foreigners with up to 80% financing, depending on your income and property value.
3. Choose a Reliable Real Estate Agent
Work with a registered and experienced real estate broker who understands the Dubai market. A good agent will help you find the right property, negotiate effectively, and handle paperwork professionally.
4. Sign the Sales Agreement (MOU)
Once a property is chosen, both parties sign a Memorandum of Understanding (Form F) and the buyer pays a 10% deposit. This agreement outlines the price, timeline, and terms.
5. Apply for NOC
The developer must issue a No Objection Certificate (NOC) confirming that the seller has cleared all dues. This is required to proceed with ownership transfer.
6. Transfer Ownership at DLD
The final step is visiting the Dubai Land Department to officially transfer ownership. Upon payment of the full amount, a new title deed is issued in your name.
Conclusion:
Check out our new article: “Is It Better to Buy or Rent in Dubai? A 2025 Market Perspective“